Offshore Regions News - page 1173

 

IKM Wins Contract for Tyra Redevelopment

Jan 25, 2019

Total E&P Danmark A/S has awarded IKM Testing a contract for the Tyra redevelopment project on the Danish continental shelf. The contract, which includes cleaning and preparation for the removal of existing platforms and associated subsea pipelines…

Wood Brings a Regional Focus Globally

Jan 25, 2019

Wood is using a global yet regional approach to complete offshore projects around the world.Kent McAllister, Wood’s president for capital projects upstream & midstream, called Equinor’s Peregrino 2 project a good example of that kind of global yet regional approach…

Talos Comes Up Big Offshore Mexico

Jan 24, 2019

An appraisal well in the Zama project offshore Mexico showed more potential for oil, raising hopes of a large discovery, operator Talos Energy said on Thursday.The Zama project in Block 7 offshore Mexico is operated by Talos, whose partners include Sierra Oil and Gas and Premier Oil…

SeaBird Scoops Two Contract Extensions

Jan 24, 2019

Marine seismic surveyor SeaBird Exploration announced Thursday it has secured extensions for two existing contracts.The contract for the 2D/3D shallow water vessel Voyager Explorer, which is working on an ocean bottom node survey in the Far East…

Polarcus Wins 3D Seismic Project Off Mexico

Jan 24, 2019

UAE-based marine geophysical company Polarcus announced Thursday it has been awarded a 3D marine seismic acquisition project offshore Mexico for an unnamed customer.Polarcus said the project duration is approximately 45-days and is scheduled to commence in the second quarter of 2019.

McDermott Awarded Cassia EPC Contract

Jan 24, 2019

McDermott International announced Thursday it has secured a contract award by BP Trinidad & Tobago (bpTT) for the engineering, procurement and construction (EPC) of the Cassia Compression Platform, located 57 kilometers southeast off the coast of Trinidad…

Santos Sees Production Surge on Quadrant Acquisition

Jan 24, 2019

Santos Ltd, Australia's No. 2 independent gas producer, on Thursday said it expects 2019 production to rise by up to 32 percent boosted by the acquisition of Quadrant assets.The company expects to churn out 71 million to 78 million barrels of oil equivalent (mmboe) in 2019…

Changing the Rules of the Game in Africa

Jan 24, 2019

Africa's offshore oil and gas potential remains largely unexploited, and 2019 may turn out to be a good indicator on whether countries with shallow-, deep- and ultra-deepwater hydrocarbon resources can make headway in attracting exploration and production investments…

Norway Green Lights Lundin Exploration Drilling

Jan 23, 2019

Lundin has received consent from the Norwegian Petroleum Safety Authority to drill two exploration wells east of the Edvard Grieg field in the central North Sea.PSA announced Wednesday it has given Lundin consent for exploration drilling and…

Oceaneering Wins $80 Mln in Umbilical Contracts

Jan 23, 2019

U.S. based Oceaneering International has secured three subsea umbilical contracts valued in excess of $80 million in total. The contracts with major international operators are to supply developments in the Mediterranean Sea, the North Sea and the South China Sea…

Transocean Raising Cash to Pay for Deepwater Poseidon

Jan 23, 2019

Offshore drilling contractor Transocean announced Wednesday that its wholly owned indirect subsidiary Transocean Poseidon commenced a private offering of $550 million in aggregate principal amount of senior secured notes due 2027.The net proceeds…

Analyzing the Petrobras & Total Strategic Alliance

Jan 23, 2019

Total is an acknowledged subsea and deepwater exploration and production (E&P) pioneer, having begun to explore subsea technology in the late 1960s, and being one of the early players in the deepwater scene with the Girassol field located in Block 17…

Innogy Likely to Sell Stake in Sofia Wind Project

Jan 23, 2019

Germany's Innogy is likely to sell a stake in its Sofia offshore wind project in Britain, once a subsidy is secured, the company's chief operating officer for renewables said.Innogy plans to enter the 1,200 megawatt Sofia project into Britain's next offshore wind subsidy auction in May…

Newcomers Pile into Race for Qatar LNG

Jan 23, 2019

Qatar is preparing to issue a tender for energy firms seeking a stake in its gas expansion project, drawing interest from long-standing partners as well as newcomers Chevron, Norway's Equinor and Italy's Eni, industry sources said.Plans to expand Qatar's liquefied natural gas (LNG) facilities…

Lukoil Opposes Prolonged Global Oil Output Cuts

Jan 23, 2019

The global oil output cut should not be prolonged, the head of Russia's second biggest oil producer, Lukoil, said on Wednesday, Interfax news agency reported.Lukoil would have to cut its output by 30,000 barrels per day by April under the OPEC and non-OPEC oil deal…

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